In a little over a month Citadel Stockholders will decide if they want the company to be purchased by Cumulus. A special meeting of the Citadel stockholders will take place on Thursday, September 15th at 8AM on Park Avenue in New York City. And while that meeting takes place, Cumulus CEO Lew Dickey will have, by then, double-checked to make sure his cel-phone battery is fully charged and his connection is strong. During the vote, Dickey will be on stage in Chicago with CBS's Dan Mason and Hubbard's Bruce Reese for the NAB/RAB Radio show leadership breakfast.
Citadel?s board of directors unanimously recommends that shareholders vote ?FOR? the adoption of the merger agreement. If approved, each share of Citadel Class A common stock and Citadel Class B common stock will be converted into the right to receive $37.00 in cash.
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